💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
#EIGEN
Bull momentum has decreased, be cautious about the downward progress.
Some resistance levels that need to be monitored
Resistant 1 : $1.5
Resistant 2 : $1.7
Failing to break through that level and significant selling pressure could lead to further declines.
Take advantage of this to take a short position